Global 3D Printing Markets to 2026: Expected to Grow at a CAGR of 23.7% - ResearchAndMarkets.com

According to this report, the Global 3D printing market is expected to grow from $9.26 billion in 2017 to reach $62.72 billion by 2026, with a CAGR of 23.7%.High rate of accuracy, efficient use of raw materials and ability to make customized goods are some of factors propelling the market growth. However, insufficient deployment partner assistance and shortage of trained manpower are factors hampering the market.By technology, fused deposition modeling (FDM) section is the important shareholding section and dominates the 3D printing market in terms of value shipment. This is the sign of rising demand for FDM printers for both individual and commercial use.Depending on geography, Asia-Pacific is predicted to be the growing market for 3D printing. The development in 3D printing market is expected to take place owing to the increasing applications of additive manufacturing in healthcare, automobile and consumer industry.